Page 32 - Mount Morgan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SPRINGING TO LIFE A long-dormant gold and copper mine outside Rockhampton looks set to spring to life again later this year thanks to the efforts of a newly-formed resources explorer. Planning to take advantage of soaring commodity prices, an outfit called QMines will lodge IPO prospectus documents this week to raise between $10m and $20m to start digging the stuff up at Mount Chalmers. Shares will be priced at just 30 cents each. The company is the brainchild of Sydney-based bizoid Andrew Sparke, who also runs boutique investment house Olive Capital. He teamed up last August to form QMi...

Premium Content Subscriber only Three properties in the Rockhampton region are to be acquired by the council as the overdue rates are worth more than value of the land. A report on the "worthless properties" was presented to Rockhampton Regional councillors this week. The owners of the following properties have overdue rates: 1 Blarney Ln, Mount Morgan: rates not paid since 30/06/2015, overdue rates and interest: $14,004.37, unimproved capital valuation: $9,200. Lot 406 Augusta St, Westwood: rates not paid since 30/06/2014, overdue rates and interest: $12,150.25, unimproved capital valuati...

The report also states council are looking at opportunities to secure the township’s water supply security. Opportunities include new water storages constructed, pipelines to augment supply to Mount Morgan, making safe use of the abundant water supply in the mine pit and the potential for a pumped hydro-electric scheme. Consultation with the Mount Morgan community on these options is expected to commence within the next couple of months. The Mount Morgan community has been congratulated on their continued waterwise behaviour with average annual residential water usage per property in Mount...

The trial revealed the process took even less time than initially thought. Fitzroy River Water manager Dr Jason Plumb said he was very happy with the trial. “We have successfully trialed the delivery of drinking water from Gracemere, up the Razorback, and safely through the township of Mount Morgan,” Dr Plumb said. Fitzroy River Water manager Jason Plumb. Picture: Contributed “We are just finishing pumping and unloading about 25,000 litres of drinking water into the storage reservoir behind me. “It’s been quite successful, and we are very confident we will be able to meet demand a...

A trial to test the logistics of getting water tankers from Gracemere to Mount Morgan has been carried out successfully, with the process taking even...